Prenuptial Agreement Lawyers Burleson and Fort Worth, TX
BEFORE YOU WALK DOWN THE AISLE, CONSIDER A PRENUPTIAL AGREEMENT.
More and more Texas couples are finding the value in premarital agreements, especially those couples re-marrying after a divorce. You make think a “prenup” is just for the ultra-wealthy, but that’s no longer the case.
What is a prenuptial agreement?
A prenuptial marriage agreement (also called a premarital agreement) is a legal contract between two future spouses. Once signed and notarized, it spells out:
- the property and financial rights of both spouses in the event of a divorce
- how both members of the marriage will handle financial aspects that lie ahead
Why create a prenuptial agreement?
While no one expects to divorce when planning their new lives together, it’s still true that about half of all marriages will end this way. It’s not exceptionally romantic to think about the prospect of divorce, but when you consider how involved divorce cases can be, a prenup can help save some time and stress in the event it happens. Prenups help couples start a dialogue about financial aspects that will be part of their future lives together. The process of drafting a prenup actually helps a lot of couples understand and negotiate expectations, thus improving communication down the road.
Prenuptial agreements accomplish many good things:
- They establish expectations for the marriage, thus avoiding serious misunderstandings.
- If one party doesn’t plan to work during the marriage, the other party finds out now.
- They protect inheritance rights of children from other marriages.
- If one party is bringing a greater amount of wealth or debt into the marriage, a prenup can ensure it is fairly allocated in the event of a divorce.
- They allow you to separate assets acquired before the marriage from marital assets — including businesses, inheritances, and investments.
- They help each spouse understand their financial rights and responsibilities.
Can you alter a prenuptial after you’re married?
The short answer is: yes. Sometimes, things change and prenuptial agreements may need to be updated. Once married, you and your spouse can modify or even invalidate the prenup by creating a new contract called a postnuptial agreement. You must both agree to the new terms laid out by the postnuptial agreement, in writing.
Prenuptial Agreement Lawyers can help
It’s possible for a prenup to be drafted with the help of a lawyer, but many couples seek the advice and guidance of a family attorney to create a more effective prenuptial agreement. A legally enforceable prenup in the state of Texas must be:
- in writing
- created and signed “in contemplation of marriage,” which means that both individuals must have discussed and signed the document while planning for a legal marriage
A family law firm, like Lovelace Law, P.C., understands the intricacies involved in divorce cases, which means we understand what every prenuptial agreement should contain to withstand scrutiny. Our experienced prenuptial attorneys can represent you during prenuptial negotiations, to ensure your rights are protected and preserved in the event of a future divorce.
If you and your spouse are considering a prenuptial, work with Lovelace Law, P.C. to create a document that works.